Bearer cheque of Rs. 2 lakh
This query is : Resolved
05 April 2024
Hi
My father had given Rs 3 lakh to a person. Now he is paying back Rs 2 lakh as final settlement.
He gave 2 cheques (bearer cheque) of Rs 1 lakh each.
So will S.269ST apply when we encash this cheque? As the total amount is Rs. 2 lakh.
Also is it considered as a single transaction if cheques presented on different dates?
My father had given Rs 3 lakh to a person. Now he is paying back Rs 2 lakh as final settlement.
He gave 2 cheques (bearer cheque) of Rs 1 lakh each.
So will S.269ST apply when we encash this cheque? As the total amount is Rs. 2 lakh.
Also is it considered as a single transaction if cheques presented on different dates?
Nikhil Kaushik
(Expert)
07 April 2024
already replied elsewhere.
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